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CSC Campbell Soup Co

41.63
-0.07 (-0.17%)
04 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Campbell Soup Co TG:CSC Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.07 -0.17% 41.63 41.46 41.79 41.50 41.50 41.50 75 22:50:15

CSC Insurance Software Clients Land Celent Model Carrier Designation for Third Consecutive Year

21/04/2009 7:05pm

PR Newswire (US)


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Conseco and GEICO Win 2009 Recognition FALLS CHURCH, Va., April 21 /PRNewswire/ -- CSC announced today that two of its insurance clients, Conseco and GEICO, were recognized by Celent, a financial services technology research and advisory firm, as "Model Carriers" for their effective use of technology. This is the third consecutive report in which CSC software has supported Model Carriers. The Celent 2009 Model Carrier report recognizes Conseco for simplifying its life insurance and annuity agent compensation environment, and acknowledges GEICO for its advanced property and casualty (P&C) insurance customer billing options. Conseco consolidated eight agent compensation management platforms serving 17 regions onto one system, CSC's PerformancePlus incentive compensation management software for insurers. By integrating PerformancePlus with its other CSC software, Conseco was able to reduce the number of compensation regions by six, the number of platforms by three and the number of internal resources supporting the compensation systems by 50 percent. GEICO uses CSC's Exceed Billing software for tier one carriers to offer multiple billing options to its insurance customers. Exceed also allows GEICO to rate, quote and process all possible billing scenarios in under one second, while displaying the correct premium to the penny. "In an uncertain market, when competition is growing in intensity, having the right technology and business practices in place is more important than ever," said Craig Weber, senior vice president of Celent's Insurance practice. "Conseco and GEICO were selected as Model Carriers, in part, because their projects demonstrate carriers using core goals to drive a new IT project and then working with a vendor to set direction, define and test changes to a production system." "We congratulate Conseco and GEICO on their recognition as Model Carriers," said Jim Cook, president of CSC's Business Solutions & Services Sector. "We take pride in our ability to help clients transform their businesses - bringing products to market faster, increasing productivity, reducing costs and improving customer service." About Celent Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies (NYSE:MMC). About CSC CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at http://www.csc.com/. DATASOURCE: CSC CONTACT: Marian Kelley, Director, Media and Analyst Relations, Financial Services Group, +1-512-275-5722, , or Janet Herin, Sr. Manager, Media Relations, Corporate, +1-310-615-1693, , both of CSC Web Site: http://www.csc.com/

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